Brevan Howard Capital Management LP Buys Shares of 10,906 ACM Research, Inc. (NASDAQ:ACMR)

Brevan Howard Capital Management LP bought a new stake in ACM Research, Inc. (NASDAQ:ACMR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 10,906 shares of the specialty retailer's stock, valued at approximately $165,000.

A number of other large investors have also recently modified their holdings of ACMR. Tower Research Capital LLC TRC boosted its holdings in shares of ACM Research by 506.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,018 shares of the specialty retailer's stock valued at $30,000 after purchasing an additional 1,685 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of ACM Research in the 4th quarter valued at $33,000. Picton Mahoney Asset Management lifted its stake in shares of ACM Research by 66.2% in the 4th quarter. Picton Mahoney Asset Management now owns 3,104 shares of the specialty retailer's stock valued at $47,000 after acquiring an additional 1,236 shares during the last quarter. Federated Hermes Inc. lifted its stake in shares of ACM Research by 42.0% in the 4th quarter. Federated Hermes Inc. now owns 8,270 shares of the specialty retailer's stock valued at $125,000 after acquiring an additional 2,447 shares during the last quarter. Finally, Ieq Capital LLC bought a new position in shares of ACM Research in the 4th quarter valued at $162,000. Institutional investors and hedge funds own 66.75% of the company's stock.

ACM Research Stock Performance

Shares of ACMR opened at $24.62 on Tuesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.37 and a quick ratio of 1.34. The stock has a 50-day moving average of $22.81 and a 200-day moving average of $20.25. The company has a market cap of $1.45 billion, a PE ratio of 18.65 and a beta of 1.57. ACM Research, Inc. has a one year low of $13.87 and a one year high of $30.64.

Analyst Ratings Changes

Several research analysts recently issued reports on ACMR shares. Craig Hallum raised ACM Research from a "hold" rating to a "buy" rating in a research report on Wednesday, February 26th. JPMorgan Chase & Co. initiated coverage on ACM Research in a research report on Friday, February 28th. They set an "overweight" rating and a $36.00 target price for the company. Finally, Needham & Company LLC reissued a "hold" rating on shares of ACM Research in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, ACM Research has an average rating of "Moderate Buy" and a consensus target price of $29.40.

Insiders Place Their Bets

In other ACM Research news, Director Chenming Hu sold 163,308 shares of ACM Research stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $30.00, for a total transaction of $4,899,240.00. Following the transaction, the director now owns 100,002 shares of the company's stock, valued at $3,000,060. This trade represents a 62.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David H. Wang sold 56,250 shares of ACM Research stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $26.57, for a total transaction of $1,494,562.50. Following the transaction, the insider now directly owns 747,708 shares in the company, valued at approximately $19,866,601.56. This represents a 7.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 266,576 shares of company stock valued at $7,693,575 in the last 90 days. 31.24% of the stock is currently owned by corporate insiders.

ACM Research Company Profile

ACM Research, Inc, together with its subsidiaries, develops, manufactures, and sells single-wafer wet cleaning equipment for enhancing the manufacturing process and yield for integrated chips worldwide. It offers space alternated phase shift technology for flat and patterned wafer surfaces, which employs alternating phases of megasonic waves to deliver megasonic energy in a uniform manner on a microscopic level; timely energized bubble oscillation technology for patterned wafer surfaces at advanced process nodes, which provides cleaning for 2D and 3D patterned wafers; Tahoe technology for delivering cleaning performance using less sulfuric acid and hydrogen peroxide; and electro-chemical plating technology for advanced metal plating.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.